Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Cage Rattler who wrote (8197)	3/3/2009 2:07:16 PM
From: Steve Dietrich	Read Replies (4) \| Respond to of 103300

When Obama took office it was thought gdp for Q4 08 was -3.8. That was since revised to -6.2. That's a huge, very uncommon, downside revision. That means things are much worse than we thought just a week or two ago. This too weighs heavily on market psychology. The flip side is steep downturns are usually followed by steep recoveries which means when this thing does turn around, it could be pretty violent to the upside. Obama could easily come out looking like Reagan or FDR and win re-election in a landslide. On the other hand, if the economy really bogs down and stays bogged down, he'll look like Jimmy Carter or Bush Sr. I'm expecting the first, but time will tell. SD